122 S. Water St. Riverfront Building Lot
Vacant Land
for Sale
| Catylist Listing ID: |
30441368 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
|
| Gross Land Area: |
6,848 SF
|
| Sale Price: |
$800,000 |
| Unit Price: |
$116.82 PSF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/8/2021 |
Overview / Comments
Incredible +/-.16 acre riverfront lot addressed 122 S Water St, prime for building and connecting to the Riverwalk with rights to dockage and potential for approximately 100' of floating dock. This site is perfect for many uses including restaurant, residential and event space.
This prime location enjoys extremely heavy foot traffic via the Riverwalk and Water St with a dense concentration of restaurants and retail in the immediate and greater area. Historic Downtown Wilmington continues to experience heavy investment and economic development through recent and current projects with many more on the horizon. Here is a very rare opportunity to create an iconic addition to the Wilmington skyline.
CBD zoning allows a variety of commercial and hospitality uses and is the only zoning that allows short term vacation rentals in the Historic District.
|
Additional Details
| Nearest MSA: |
Wilmington |
| County: |
New Hanover |
| Tax ID/APN: |
R05308-006-002-000 |
| Zoning: |
CBD |
| Property Located Between: |
Dock St and Orange St |
| Property Visibility: |
Excellent |
| Legal Description: |
BLK 138 1/2 W LT 5 W PT LT 4 WILMINGTON |
| Largest Nearby Street: |
Market St/HWY 17 |
| Highway Access: |
Easy access to I-40, US 17, US421, US 74/76 |
| Airports: |
ILM (4.5 miles), MYR (80 miles), RDU (145 miles) |
| Site Description: |
Historic Downtown urban setting. Ingress and egress on Water Street. |
| Lot Frontage: |
105' |
| Lot Depth: |
65' |
| Zoning Description: |
Sec. 18-196. - CBD, Central Business District. (a) Purpose. This district is established to create and maintain a high density commercial, office, service and residential area meeting city, county and regional needs. It encourages the full utilization of public services and contributes to the economic base of the city. According the Wilmington Vision 2020: A Waterfront Downtown plan, the CBD is envisioned to be a living, working, learning and mixed use community. The intent of the design standards is to recognize and respect historic resources; to preserve and respect existing historic buildings; to preserve the cohesive character of the downtown area by compatible, sympathetic development and to provide an enhanced pedestrian experience. This district is not intended to accommodate basic industries and other uses that produce noise, odor, smoke, dust, airborne debris, and other impacts that might be detrimental to the health, safety, and welfare of the surrounding neighborhoods, the viability of surrounding uses, or industries with small physical plants and high land-to-worker ratios. |
| In Flood Plain?: |
Yes |
| Topography: |
Level |
| Easements: |
Pipelines, Water Rights |
| Easements Description: |
Parcel has connectivity to the Riverwalk and potential for dock space. Subsurface stormwater pipe |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable, Broadband |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,591 |
34,521 |
111,009 |
| Median Age: |
36.07 |
38.18 |
36.37 |
| Households: |
3,914 |
15,805 |
48,167 |
|
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